Investing.com – on Wednesday, the u.s. dollar was up during the first commercial transactions in Europe, while the resignation imminent, the First british minister Theresa May on the Brexit had depressed the book and created a challenging context for the european Parliament elections that start today.
09: 00 am, the pair GBP/USD was at 1.2605$, a new low of 2019, resuming its fall after that Andrea Leadsom, the legislator in charge of the organization of the work of the government in the House of commons has resigned instead to present the revised bill in May on the withdrawal agreement from the EU. The Times of London announced that a number of legislators May expect that May resigns within one or two days.
The book was also a low of four months to 1,1321 against the euro.
“The chances of a change to be able to London soon increase, as are those of Brexit hard the 31 October. Both would be bad for the pound,” said the strategist Ulrich Stephan of Deutsche Bank (DE: DBKGn).
The dollar index, which measures the greenback against a basket of six major currencies, has reached a new peak in two years, 98,13, while the pound has slipped, although it has also been helped by the minutes of the last meeting of the month previous to the FOMC of the Fed u.s., which has again emphasised to what extent the central bank was far from reducing the interest rate.
This news has also propelled the dollar to new highs for the year against the aussie and the kiwi, while the chinese yuan has also declined by 0.2% because of the fear of growing investors on the business opportunities.
While the elections to the european Parliament are at the centre of concern in Europe, the main news of the market of the day will come from the index series purchasing managers ‘ “flash”, that will determine if the manufacturers of the world will overcome their poor start in 2019, or if the frictions to trade between the United States and China have more long-term effects. The PMI preliminary euro-zone to be released at 10: 00 am, at the same time the German index Ifo business climate.
The euro was down 0.2% against the dollar, 1,1120.